Magna Terra Minerals (CVE:MTT) Shares Up 23.1% – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT) shares rose 23.1% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 446,117 shares were traded during trading, an increase of 135% from the average daily volume of 189,971 shares. The stock had previously closed at C$0.07.

Magna Terra Minerals Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The firm has a market capitalization of C$6.23 million, a price-to-earnings ratio of -7.50 and a beta of 1.29. The stock has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.03.

Insider Activity at Magna Terra Minerals

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total transaction of C$225,536.93. 31.70% of the stock is currently owned by company insiders.

Magna Terra Minerals Company Profile

Magna Terra Minerals Inc engages in the acquisition and exploration of mining properties in Canada and Argentina. It explores for gold and silver deposits. The company owns 100% interest in the Viking and Great Northern Projects located in the Newfoundland and Labrador; Cape Spencer Project located in the east of the City of Saint John, New Brunswick; Hawkins Love Project located in west of the City of Saint John, New Brunswick.